A comprehensive analysis of FASTags for private cars.
Everything You Need to Know About FASTag for Passenger Cars
Navigating India's toll plazas has become a breeze for private car owners with FASTag.
This electronic toll collection system ensures that toll payments are deducted automatically from the FASTag account linked to your vehicle, allowing for non-stop movement through toll booths.
Designed to promote seamless travel and reduce congestion at toll plazas, FASTag for private cars has become an indispensable tool for the modern driver.
Features of FASTag
- Ease of use: Once affixed to your car's windshield, FASTag uses RFID technology to automatically deduct toll charges.
- Cashless transactions: Eliminates the need for cash payments, making toll payments hassle-free and time-efficient.
- Online recharge and management: FASTag accounts can be easily recharged online through various platforms, including credit/debit cards, net banking, and UPI.
- Transaction history access: Provides detailed transaction history, allowing for easy tracking and management of toll expenses.
How to get FASTag for new car
The steps to get a FASTag for your new car in a simple and engaging format:
- Visit a bank or authorised POS: Go to a bank or an authorised point of sale (POS) location that issues FASTags.
- Provide necessary documents: Submit your vehicle’s registration certificate (RC) and KYC documents like Aadhaar card and PAN card.
- Pay the required fees: This includes the tag cost, security deposit, and initial recharge amount.
- Activation: Once the documents are verified and fees are paid, your FASTag will be activated.
- Affix the FASTag: Place the activated FASTag on your car’s windshield.
- Enjoy seamless toll payments: Use your FASTag for hassle-free toll payments on highways.
FASTag charges for new car
FASTag charges for a new car typically include the tag issuance charges, a security deposit, and the first-time recharge amount. Here is a general breakdown although the costs can slightly vary depending on the bank or agency:
- Tag issuance fee: This fee is typically between Rs. 100 to Rs. 150, which includes all applicable taxes.
- Refundable security deposit: The security deposit varies depending on the vehicle type, but it is generally around Rs. 200 for a car.
- First time recharge Amount: This is typically around Rs. 200.
So, on average, for a new car, the total cost at the time of purchasing a FASTag could range from Rs. 500 to Rs. 600. This includes the tag issuance charges, security deposit and first recharge amount.
Remember to have your vehicle's Registration Certificate (RC) handy at the time of applying for a FASTag. It is suggestive to check with the different issuing agencies for their specific rates as it might slightly vary. Also, you can get your FASTag free of charge if you are buying a new car, as most of the automobile dealers and manufacturers are providing FASTag with new cars.
Private car FASTag on Bajaj Finserv
The Bajaj Finserv BBPS platform offers a streamlined process for purchasing and managing FASTag for private cars. Through the Bajaj Finserv platform, car owners can apply for FASTag, recharge their tags, and access their transaction history with ease. The platform ensures a user-friendly experience, coupled with the security and convenience that car owners need.
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Frequently asked questions
Yes, if you apply for a FASTag at a Point of Sale (POS) location at any of the Toll Plazas or issuer bank branches, you can get it immediately. Additionally, online marketplaces like Amazon also offer FASTag and they usually deliver within a few days.
The total cost for a new car FASTag is typically around INR 500-600. This includes the tag issuance fee (generally around INR 100-150), a refundable security deposit (around INR 200), and the first recharge for your FASTag (around INR 200). However, the costs might slightly vary between different banks or issuing agencies.
Yes, you can get FASTag for any vehicle as long as you have the necessary documents - specifically the Vehicle Registration Certificate (RC). The name on the FASTag account and the RC does not necessarily have to be the same.
Some banks occasionally run promotional campaigns where they offer FASTag for free or waive off the tag issuance fee. The National Highways Authority of India (NHAI) also had offered FASTags for free for a certain period as a part of their promotional campaign. It's best to check the current offers on the issuing bank's or NHAI’s website.
Purchasing a FASTag directly from the authorized banks or NHAI online could be the cheapest option, especially during promotional offers. Additionally, some digital payment platforms like Paytm, PhonePe offer FASTags and sometimes these platforms run promotional offers. However, one has to also consider the convenience and support levels associated with each type of issuer.
FASTags can be purchased through various channels, including banks, selected toll plazas, and online platforms like the Bajaj Finserv app, which offers a quick and straightforward application process.
Yes, FASTags are available for purchase at select petrol pumps across the country. Ensure the petrol pump is authorised to sell FASTags before making a purchase.
You can get a FASTag sticker instantly by visiting your nearest Axis Bank branch. Alternatively, you can apply through the Axis Bank website or mobile app. Once the application is completed, the FASTag will be delivered to your address.
A new FASTag has a one-time issuance fee of Rs.100. Additionally, the security deposit and minimum balance depend on the type of vehicle. For cars, the security deposit is Rs. 200, and the minimum balance required is Rs. 100.
Yes, you can buy a FASTag even if the car is not registered under your name. However, you must provide the vehicle's Registration Certificate (RC) and a photo ID proof of the owner.
No, obtaining a FASTag without the vehicle's Registration Certificate (RC) is not possible. The RC is a mandatory document required for issuing a FASTag.
